A Climate Solution for Heavy Industry Is Gaining Momentum
- IEA says investments in carbon capture and storage are growing
- Technology is essential for meeting goals reduce emissions
Photographer: Martin Leissl/Bloomberg
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A technology that can capture greenhouse gases from wide swaths of the economy is gaining momentum after years of slow growth.
Carbon capture, utilization and storage projects worth $27 billion are close to a final investment decision, more than double the amount planned three years ago, the International Energy Agency said in a report.